TSX.V: EU
OTCQB: ENCUF
www.encoreenergycorp.com
VANCOUVER, BC, March 30, 2021 /CNW/ - enCore Energy Corp.
(TSXV: EU) (OTCQB: ENCUF) (the "Company") is pleased to
announce that it has appointed Red Cloud Securities Inc. and Red
Cloud Financial Services Inc. (together "Red Cloud") to
provide the Company with a range of capital markets advisory
services. Red Cloud is a
Toronto-based financial services
company that provides assistance to mineral exploration and mining
companies in accessing capital markets and enhancing their
corporate profile.
Under the engagement, Red Cloud
will be paid a fee of $10,000 per
month for the services it will render and for an initial six-month
period, and the arrangement can automatically renew month-to-month
thereafter at the option of the Company. More specifically,
Red Cloud will provide services such
as organizing and administering "roadshows", drafting traditional
marketing materials, managing the Company's social media and
providing traditional media support and assistance in the creating
of video content for exclusive use on "Red Cloud TV" and other
services as required by the Company.
In certain circumstances, additional services may be provided to
the Company by Red Cloud and
additional contingent consideration for such services may be
applicable. The engagement of Red
Cloud is subject to TSX Venture Exchange approval.
The Company has, subject to regulatory approval, granted Red
Cloud Financial Services Inc. stock options to purchase 70,000
common shares of the Company at an exercise price of $1.24 per share and a three- year expiry
term.
About Red Cloud
Red
Cloud Securities Inc. is registered as an Investment Dealer in
Ontario, Quebec. Alberta and British
Columbia and is a member of the Investment Industry
Organization of Canada (IIROC).
Part of Red Cloud's business is to
connect mineral exploration and mining companies with suitable
investors. For additional information about Red Cloud go to: www.redcloudfs.com
About enCore Energy Corp.
enCore Energy Corp. is a
U.S. domestic uranium developer focused on becoming a leading
in-situ recovery (ISR) uranium producer. The Company is led by a
team of industry experts with extensive knowledge and experience in
the development and operations of in situ recovery uranium
operations. enCore Energy's opportunities are created from the
Company's transformational acquisition of its two South Texas production facilities, the
changing global uranium supply/demand outlook and opportunities for
industry consolidation. These short-term opportunities are
augmented by our strong long-term commitment to working with local
indigenous communities in New
Mexico where the company holds significant uranium
resources.
SOURCE enCore Energy Corp.